Judge seeks mediation for Hostess, union

11/20/2012 | Bloomberg Businessweek · Time.com · Wall Street Journal, The

U.S. Bankruptcy Judge Robert Drain did not approve the bankruptcy plan of Hostess Brands but instead urged the company to pursue mediation with its striking labor union. "My desire to do this is prompted primarily by the potential loss of over 18,000 jobs, as well as my belief that there is a possibility to resolve this matter, notwithstanding the losses the debtors have incurred over the last week or so," he said.

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